Upon approval of an application by the Department, the applicant shall execute an agreement. The agreement, among other things, shall obligate the applicant to:
A. Establish and operate an aquaculture project according to project specifications;
B. Provide any required funds for the project;
C. Bind any successor in title for the life of the project;
D. Maintain records as required;
E. Allow the Department to monitor the project to determine that the project is constructed and operated in accordance with any agreement.